Tax news articles
ATO Targets 1.2 Million Crypto Accounts in Major Crackdown on Tax Obligation Awareness
Beware, Australian crypto investors—the ATO has you in their sights! According to a report from the Australian Financial Review, the...
Mayday! Mayday! Arthur Hayes Raises Alarm Over Crypto Crash
Has the support finally been broken? Bitcoin, and the crypto market as a whole, has held up fairly well amid a wave of red across all financ...
Binance Executive Detained in Nigeria Appears in Court Over Alleged Money Laundering and Tax Evasion: Report
Binance’s head of financial crime compliance reportedly appeared at a Nigerian court hearing on Thursday following charges of money launde...
Indian Crypto Companies Flock to Dubai to Escape Overbearing Laws at Home
Indian crypto companies are increasingly relocating to Dubai, spurred by the United Arab Emirates’ (UAE) welcoming regulatory environment....
New Crypto Tax Duty Demands Vigilance from US Citizens
United States citizens holding cryptocurrency face a new obligation that demands awareness to avoid potential serious consequences. “The a...
Japan Grants Tax Relief to Companies Holding Cryptocurrency
The Japanese government has given its approval to revised taxation laws that provide favorable conditions for companies holding cryptocurren...
Grayscale mulls over potential tax implications for spot Bitcoin ETFs
Grayscale is evaluating the possible tax consequences associated with spot Bitcoin BTC $42,882 exchange-trade funds (ETF), prompted by inacc...
Brazil signs its overseas crypto tax bill into law
The President of Brazil, Luis Inácio Lula da Silva, has signed a law introducing the taxation of crypto assets held abroad by the country&#...
IRS tax bill will swipe creditors of any ‘meaningful recovery,’ says FTX
A proposed $24 billion tax bill from the United State IRS will likely suck up any “meaningful recovery” that was meant for victims of FT...
IRS Criminal Investigation Unit Says Crypto Tax Investigations Surged in 2023
The U.S. Internal Revenue Service’s (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes in a ...
Swiss City Lugano Embraces Crypto Future: Bitcoin and Tether Now Accepted for Tax Payments
The city of Lugano, Switzerland, has boldly stepped into the future of finance by adopting digital currencies for municipal transactions. Th...
Bitcoin Surges on Imminent ETF Hopes. BTCETF Token Presale Raises $2.5 Million
The crypto markets have seen renewed optimism in recent days, with Bitcoin (BTC) surging past the $40,000 level once again. Much of this pos...